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Tim Culpan

TikTok Could Become Microsoft's Deal of the Decade

CEO Satya Nadella can prove his worth by squeezing ByteDance on price.

A chance to be a kingmaker.

A chance to be a kingmaker.

Photographer: Jason Alden/Bloomberg

Let’s get something clear upfront: Microsoft Corp.’s purchase of TikTok isn’t worth $50 billion. 

That’s my opinion. But then again, it’s not my money.  Some investors in its parent company, ByteDance Ltd., think it’s worth that much, according to a Reuters report last week. Good for them. We’ll soon find out its true value, and more importantly, that of Microsoft’s chief executive officer.